Gold price trades with clear positivity to breach the correctional bearish channel’s resistance, in attempt to achieve some intraday gains before turning back to decline again, noting that closing the daily candlestick above 1470.00 will push the price to test 1489.00 areas, while holding below 1470.00 will press on the price to decline again and head towards 1447.00 initially.
The EURUSD pair achieved an initial breach to 1.1065 level and attempts to hold above it, which hints the price to head to rise in the upcoming sessions, but we need to breach 1.1105 level to confirm the continuation of the bullish trend, which makes us continue with our neutrality until the price confirms breaching the mentioned resistance or breaking 1.0995 support to detect its next targets clearly.
McDonald's stock fell after the resistance of 195.46 held on, representing the ratio 50% of Fibonacci levels, amid pressure from the 50-day SMA, marking a minute 0.2% loss in the last session.
Therefore we expect more losses, targeting the next support at 189.16, representing 61.8% of Fibonacci levels.
Expected trend for today: Bearish
Morgan Stanley's stock rose 0.78% in the last session amid the dominance of the main upward short-term trend, with positive support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more gains, targeting the resistance of 51.70.
Expected trend for today: Bullish